We are pleased to offer for sale this rare LAC1.5 (Equivalent to R4 with retail) development opportunity, located within the prime Boyle Heights submarket. Well-positioned in a gentrifying area of Boyle Heights, the site presents the opportunity for an astute developer to capitalize and build up to 19 units by right. Currently, the subject property consists of four (4) multifamily units, constructed of wood frame and stucco in 1936, with approximately 3,514 rentable square feet on a 7,800 square foot lot.Current gross income: $7,420.00/month). 3 of the 4 units have a tremendous amount of rental upside - incredible value add investment opportunity. Current rents are the following: 5+3 ($4,000), 2+1 ($1,326), 1+1 ($992), & 1+1 ($1,102).
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